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March 18, 2013

Buying or Selling a Home

Real Estate Brokers

What other terms in the listing agreement are negotiable?

In theory, they all are. At the very least, the real estate agency should be willing to negotiate provisions on:

  • The length of the contract. Many of the standard forms provide that the contract renews automatically. Many firms want a six-month listing. If you're in a hurry to sell your home, try to get a 60-day or 90-day listing.
  • When the commission is earned. For example, this might occur only when the seller and buyer actually complete the sale, not when they sign the purchase agreement.
  • Who will be responsible for the advertising expenses—the seller or the agency.

>>What is the real estate agent's role in a home sale?
>>What is the role of the seller's agents?
>>What is the listing agreement?
>>What fee will I pay on the sale of my home?
>>What other terms in the listing agreement are negotiable?
>>What legal protection do I have after signing a listing agreement?
>>Is the real estate agent liable if a potential buyer steals something from my home?
>>What can I do if my real estate firm doesn't seem to be working very hard to sell my home?
>>What is the fee relationship with a buyer's agent?

Practical Law Home | Buying or Selling a Home | Basics of Buying a Home
Basics of Selling a Home | Why Real Estate Is Covered By Special Laws | *Real Estate Brokers*
The Purchase Contract | Financing a Home Purchase | The Closing | The Fair Housing Act
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